Aircraft Auxiliary Power Unit Market is Forecasted to Reach US$ 4.9 Billion in 2034, Says Stratview Research

The global aircraft auxiliary power unit market is projected to witness a growth rate of 1.9% annually from 2024 to 2034, with an anticipated size of US$ 4.9 billion by 2034, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global aircraft auxiliary power unit market which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights

Market Size in 2034 (billion US$)4.9Growth (CAGR)1.9% during 2024-2034Forecast Period2024-2034Trend Period2018-2022Base Year2023Number of Segments Covered4Number of Tables & Graphs100+Country-Level Market Assessment20 

Segment Insights on the Aircraft Auxiliary Power Unit Market:

The report dives deep into the segmentation of the Aircraft Auxiliary Power Unit market based on critical parameters:

Based on Aircraft Type – Based on the type of aircraft, the aircraft auxiliary power unit market is divided into commercial aircraft, military aircraft, regional aircraft, business jet, and helicopter. Commercial aircraft are expected to remain the dominant segment in the aircraft APU market during the forecast period due to rising global air passenger traffic and the expansion of airline fleets, particularly in emerging economies. Airlines are increasingly investing in fleet modernization and operational efficiency, driving the demand for advanced APUs to reduce fuel consumption during ground operations. The growth of low-cost carriers (LCCs) further boosts the adoption of APUs for quick turnaround times.

Additionally, the need for aftermarket services, technological advancements in lightweight and fuel-efficient APUs, and the push for sustainable aviation practices reinforce the importance of APUs in commercial aircraft operations.

Based on the Power Unit Type – By power unit type, the aircraft APU market is segmented as below 90 & 90 kVA and above 90 kVA. Below 90& 90 kVA are expected to be the leading segment in the market during the forecast period. Most of the narrow-body and regional aircraft, which dominate the global commercial fleet, require APUs with power ratings below 90 kVA. These aircraft are extensively used for short to medium-haul flights, particularly by low-cost carriers. With the rise in short and medium-haul travel, the demand for single-aisle aircraft like the Boeing 737 and Airbus A320 families, which typically use below 90 kVA APUs, is increasing rapidly. Besides, the increase in regional connectivity and the upsurge in private airplanes boost the requirement of substantially powered aircraft, hence the call for auxiliary power units in this power class.

To know the most attractive segments, click here for a free sample of the report:

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Which Region Shows the Most Promising Growth Forecast and Opportunity?

In terms of region, North America is expected to remain the largest market for aircraft auxiliary power units during the forecast period due to its advanced aerospace industry and the presence of key players such as Honeywell International Inc. and Pratt & Whitney. The region’s focus on continuous innovation and technological advancements ensures that auxiliary power units developed and manufactured here are at the forefront of cutting-edge technology, enhancing their competitiveness in the global market. Recent developments, including the introduction of more fuel-efficient and environmentally friendly auxiliary power units, reflect North America’s commitment to addressing stringent environmental regulations and meeting the evolving demands of the aviation sector.

Presently, Asia-Pacific is slightly behind in the aircraft auxiliary power unit. However, in the long run, it is poised to experience the highest growth due to ascending air passenger traffic, increasing aircraft deliveries, and developing MRO activities, particularly in China and India. Additionally, government investments in aeronautics infrastructure and expanding low-cost carrier fleets are thrusting demand for efficient APUs.

Aircraft Auxiliary Power Unit Market Drivers:

Some of the key drivers listed in the report are given below.

• The expansion of commercial and military aircraft fleets, the proliferation of low-cost carriers in emerging economies, increased focus on aircraft maintenance and aftermarket services, rising military investments, and the emergence of hybrid and electric aircraft.
• The shift towards More Electric Aircraft (MEA) designs necessitates advanced auxiliary power units supporting extensive electrical architectures, thereby reducing fuel consumption and emissions. the resurgence in global air travel has led to increased aircraft deliveries, further propelling auxiliary power unit demand.

Top Companies in the Aircraft Auxiliary Power Unit Market:

The global market for Aircraft Auxiliary Power Unit is highly concentrated, with the top four companies capturing a lion’s share. Apart from technological expertise and financial capabilities, the growth of companies is directly dependent on government support and overall industry conditions. Stratview Research has identified the following companies as the top market players:

• Honeywell International Inc.
• Pratt & Whitney
• Safran SA
• TAT Technologies
• Aerosila
• PBS Group a.s.
• Technodinamika (Rostec)
• Motor Sich JSC
• Klimov

Note: The above list does not necessarily include all the top players in the market.

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About us –

Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.